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obama yesterday to talk about the effects severe budget cuts could have on their industry. lawmakers have until march 1st to compromise on a budget. without it, $1.2 trillion in automatic cuts in goverment spending take effect. half is from millitary spending. reports say defense companies are already delaying orders and hiring due to the threat of sequestration. president obama has nominated a business insider to run the department of the interior. sally jewell, ceo of the successful outdoor equipment company rei, has been nominated for the position. jewell is also a former banker and has worked as an official in the oil industry. she took over rei in 2005, and, if confirmed, will take her knowledge of the outdoors to the interior department. "the secretary of the interior is in charge of overseeing 500 million acres of public land in places like yellowstone and the grand canyon, and protecting our natural heritage for our children and our grandchildren." other notable capitol hill moves: timothy geithner, after departing from his role as treasury secretary, is now joining the counc
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